Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
46 comments:
Dear ilango sir and all blogmates
Wish You all a very Happy and a Prosperous New Year. May this year bring you more wealth and keep you in good HEALTH.
-gauresh59
Another RBI rate hike?
sir .. aggressive stops taken ?
REPEAT MESSAGE ICICIDIRECT not wroking properly today generally market changes colors quickly on those days. Careful.
Dear rrknan,
I don't know whether it changes it color or not but NSE site Fut charts link is also not working since morning.So,let us see.
Priya Mynac bhaiya!
Pahla 6150 hourly spot Nifty close aate hi mai bhi alert ho jaaunga aur daily close 6150 ke upar to buy banega par aaj nahi somwaar ko. Kyonki Rbi governor saheeb new year par sabko rate hike se surprise de sakte hain, Pyaaj aur tamatar ne congressiyon ki neend uda di hai. Pahle hi Bihar me mooh dikhaane layak nahi rahe aur ab kahin south me jhatka na kha jaaye.
Manoj
sir..what i missed at 6330 of liquidating 25 %
portfolio must be done now..
Dear MANOJ,
I literally have zero idea about politics and politicians,but these onion,tomato,diesel,petrol,RBI policies are not new for us and we are too familiar to these kind of activities.My simple knowledge tells me that People elect that Government which they deserve.
SIR U SAY SELL N.FUT 6160 LEVEL..WAT IS S/L ..... AND TRG PRICE???
RP,
Get well soon.
In Genral
Meditation for 15 Mins a day will make your spine straight and clean your chakras leading to healty body and mind.
Priya Mynac bhaiya!
Hindustan me pahle election baahubali jitwaate they aur ab election commissioner. Ab elektronic voting machine se vote padte hain fir bhi Chidambaram saheb pahle haar gaye they aur kuch ghanto ke baad jitwa diye gaye they. Na maano to ye khabar yahan se pad lo... http://election.rediff.com/report/2009/may/16/loksabhapoll-chidambaram-wins-sivaganga-after-see-saw-battle.htm
Manoj
Dear Rochak parekh,
Praying for Ur speedy recovery.Let Baba give u the
strength and show u the ways to overcome It.
Priya Mynac bhaiya!
Ye to humne dekha hai pahle bhi ki aap kam bolte hain par solid bolte hain, aapka kaha hua nifty ka level aa gaya..maan gaye bhaiya.
Manoj
Congress middlemen only are looting the country increasing the Vegetable prises, they are enjoying and having fun at the misery of the Indian people neend people ko uda dhia.
@Anuj,
I think now you are in shorts. If yes, May I know your SL?
Dear MANOJ,
No its not like that,on the contrary I would say that every Dog has it's day/time.Nothing else & Should not be given much importance beyond this.
@ Manu,
SL for aggressive shorts: 6135NS + 10-15 = 6145-6150.
It looks as though it'll be stopped out.
Prabhakar Ji:
If you read Sir's post. clearly mentioned to place SL 10-15 points. so accordingly you should get out from your position. I made exit with 12 points loss.
thnx sir..
if so then v should hold portfolio..
is it 3rd?
@ subho stock,
I generally do not look for targets but try to go with the flow, booking part profits along the way.
Weakness, if any, will be seen only below 6106.
@Prabhakar
No, No shorts yet. will only short after masters confirmation for conservatives.
Anuj,
you have very good patience. Keep it up
@ Manu,
This month closing is going to be above "Month High Ema" which is good for bulls..hope the momentum picks up from Jan.11.This weeks close too likely to be above "Week High ema".
I suggest you try managing part of your portfolio with JNSAR and see how it works. Only part..may be just one scrip on trial basis and see if it adds value to you.
ok sir..
will do and update..thnx..
@illango sir,
about 1,94,150 NF at 6177.95 at 12:32:13pm, so how to read this sir, whether real selling/buying happened or technically SL triggered and fall....
one last query..
is it 3rd(impulse s missing or our perception is missing)
inplace of our its my
Sir
Bank Nifty has a Weekly Res @ 11831 as we are @ 11795 on spot can i short around 11810 spot for Intraday as the oscillators are in OB zone or shud i wait for more confirmation please advice
Priya Mynac bhaiya!
Aap dhanya ho, open interest ka itna gyaan rakhte ho aap par fir bhi aap me ratti bhar bhi ahankaar nahi hai. Jabki adhik gyaan wale purush aksar ahankaar ke shikaar ho jaate hain jaise Raawan ho gaya tha. Dhanyawaad bhaiya aapki uchit salaah ke liye..Nifty spot ne abhi 6150 ko kaata nahi hai so maine 66-67 me 6100 ki aur puts khareed li hain.
Manoj
Saz,
Presently to be read as "Profit booking" only as no divergences visible in "Hour charts".
@ Manu,
To a bull, it is the 5th wave.
To a bear, it is still a corrective rally targeting next 78.6%-6200.
However, scales are tilting with bullish bias.(Read month/ week High ema conquering today)
@ Kalyani,
As BN has broken out of "Ascending triangle, it could target 12000+. If you spot a resistance, you could only part book longs.
BN being highly volatile, trade with its main trend unless you are able to study intra charts(5min) and take your trades swiftly and manage well.
From intraday RT chart, the weakness will be below 11720.
@Mynac sir
Can U throw some light on How to read the OI of Options please provide if any link could help us to learn better knowledge on them i am very much new to options and want to know ho you analyse basing OI options Data about Nifty
Thanks In Advance
Dear ilango sir and all blogmates
Wish You all a very Happy and a Prosperous New Year. May this year bring you more wealth and keep you in good HEALTH.
RG Sir and Rochak Sir my west wishes for your early recovery.
thanks sir, no position yet....
Dear MANOJ,
If you want to thank then thank Market only.Because non other but Market has and is extracting "Ghamand" from me.Apart from trading It used to teach us lot of things day to day,time to time,just one thing we have to follow that we must be obedient.
i will add one more thing..
vix 16.6 ..it is a possiblity of h&s..
seems confirmed what nirav was suggesting..
if so then oh my god..
Dear kalyani,
There are lot of sites and plenty of material to read & you will get even here too.
My simple understanding is O.I.= Volume & used to write down just NF open,high,low,close & O.I. at the end of the day.Used to track change in price & O.I. of nearest 200 + - PE,CE strike prices ,& NF.
That's all.Really nothing else.Absolutely no secret.
The difference,if it is any then it is only "Years".Used to track in this way since 2002 so only slightly useful.
After keeping the Data in this simple manner,& its correlation with price movement,even you will be able to see market from another angle.On the contrary,young generation is more ambitious,courageous,knowledgeable than ours.So I am sure they will definitely achieve more.
To Prince and all.
HAPPY NEW YEAR 2011..... May god keep us all happy and prosperous.
Priya Mynac bhaiya!
Kamaal ke insaan ho aap, sahi maayne me down to earth. Lagta hai market ne aapko bhi humari tarah bahut kuch tadpaya hai, kyonki jab tak insaan musibat nahi jhelta wo jaldi achcha insaan nahi ban pata hai. Mere hisaab se Nifty 6150 ke neeche band ho to theek hai aur 6110 ke neeche ho to aur jyaada theek hai. Par aaj weekly, monthly aur yearly closing hai so market mahajraaj kya karte hain ye 3.30 par hi pata chalega.
Manoj
not showing absolutely any sign of bearishness
on intra basis till now
Month closing,,...DII's can b active 'on SELL side' to boost NAV's..just my view
Disclaimer: holding longs added some shorts near 6140
Prabhakar said...
Thank you Anuj,
I entered @6158 NF SL is 6155 NS
Dear Prabhakar,Thanks.
Considering today's price movement I would like to keep 6155 NF as my "intra" stop loss(but after 2.30 PM)if I am long.(Because today the trend is still Bullish,so only)
Dear Ilango & Friends...Thanks a lot for every thing which came in the way,It was a wonderful another One Year Journey with you people.
Wishing you all a very Happy & Prosperous New Year.Bye Everybody.
NEW POST DONE
HI MANU, ON WHICH SITE DO U SEE LIVE VIX FIGURES...
THANKS IN ADVANCE
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